Who'd avoid tax in a house like this? The £5m Isle of Man mansion that may save Tyson Fury millions Tyson Fury has relocated his family to a £5m mansion on the Isle of Man, a move that could save him millions in taxes. The two-time heavyweight boxing champion, who is set to fight Arslanbek Makhmudov tonight, officially moved to the 200-year-old country manor in December. The nine-acre estate, located near the harbor town of Peel, features four reception areas, six bedrooms, five bathrooms, a study, and a leisure area with a cinema room, gymnasium, games room, and sauna. A fully renovated two-bedroom coach house, garage block, and stone-built paddock with stables for four horses are also part of the property. The Furys, including Tyson, his wife Paris, and their seven children, have embraced life on the island, enjoying local attractions like harbor-side pubs for fish and chip lunches and Italian gelato by the sea. Tyson, 37, has maintained his fitness by jogging along a former railway line between Peel and Douglas. The family has also booked a luxury hotel and resort near their new home for their daughter Venezuela’s wedding next month. The move to the Isle of Man is primarily driven by tax considerations. The territory offers a top income tax rate of 21% with a £220,000 tax cap, significantly lower than the 40-45% Fury previously paid in the UK. The Isle of Man also lacks capital gains tax, inheritance tax, wealth tax, and stamp duty. Fury, estimated to be worth £200m, is expected to earn £18.8m from his fight fee against Makhmudov and around £6m in endorsements. His own drinks brand, Furocity, and merchandise sales are projected to add £25m to his annual earnings. By relocating, Fury could save £11m in taxes this year, even after spending £5m on the house.#rachel_reeves #tyson_fury #isle_of_man #paris_fury #island_of_man
